Own several plots of land and have a trusted contractor but looking for funds Austin

[Amanda Bozzi]

Hello,

I have several years of experience in many areas of REI (STR, LTR, BRRRR/Flips and I've built a kennel from the ground up).

I have 10 plots of land I want to build on and I have plans and a trusted contractor but I'm looking for a lender (or creative funding) to get these projects going. 

Does anyone have suggestions for lenders who don't require like 5 builds in the last 12 months in order to finance?

Thanks

[Aaron Gordy]

Quote from @Amanda Bozzi:

Quote from @Robert Ellis:

Quote from @Amanda Bozzi:

Quote from @Robert Ellis:

Quote from @Amanda Bozzi:

Hello,

I have several years of experience in many areas of REI (STR, LTR, BRRRR/Flips and I've built a kennel from the ground up).

I have 10 plots of land I want to build on and I have plans and a trusted contractor but I'm looking for a lender (or creative funding) to get these projects going. 

Does anyone have suggestions for lenders who don't require like 5 builds in the last 12 months in order to finance?

Thanks

 I'd get the project further along, no one is going to invest in land. they want a plan. Plans, approved general contractor, renderings and pictures, video reviews of what you do. That's all the stuff we do in columbus. Just to work with us we have a 100 page packet I have 500 hours of my time into to answer common questions. we will build 20 houses this year. I'd recommend traveling to conferences and trying to pitch your plan. you'll see you have to step it up, have underwriting, etc because the guys like me competing with capital have all that and if you don't you are at a disadvantage 

 First of all, thank you for your feedback! I already own the land and have architectural plans and a GC but I just have no experience in this specific area. Would you recommend using personal/SBA loans to get the first houses built? Thanks again

no SBA, ground up DSCR lenders. post in classifieds. send me your plans, do you have approved plans? you should find a permit holder or apply as the homeowner to get the plans approved on your lot

So if I understand correctly, you're saying not to bother with SBAs or DSCR lenders. I have approved plans, I have a contractor and an architect but I am trying to secure funding. As far as applying as a homeowner, I own all the land outright so that shouldn't be an issue.

Is there any way you would be willing to connect with me to answer questions? I'm very interested in doing this but will the exception of self-financing, I'm just not sure how.

Also, thank you so much for your input. It's been extremely helpful

 If you don't have any debt on the land and you have an experienced contractor then it should be easier than you think. There are plenty of community bankers that would lend on it.